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Legal & General Mortgage Club members offered Leeds BS exclusives

by: Max Liu
  • 05/02/2019
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Legal & General Mortgage Club members offered Leeds BS exclusives
Legal & General Mortgage Club has updated two of its products with Leeds Building Society, including a semi-exclusive loan-to-value (LTV) residential product and an exclusive holiday buy-to-let product.

 

Legal & General members will have access to Leeds Building Society’s 95% LTV residential product until 30 April 2021. The product starts at 3.09% on a two-year fixed rate, with a maximum loan value of £300k, and includes free valuations and no product fees.

It allows for 10% penalty free capital over-repayments each year. The product also features an initial fixed period followed by a 1% standard variable rate discount (currently 4.69%) until 30 April 2024. The product is only available for purchase applications.

 

Holiday let

From Friday 8 February, Legal & General members will also have access to Leeds Building Society’s holiday let mortgage until 31 May 2024.

The product has a fixed rate of 2.74% with a maximum LTV of 70% and a maximum loan value of £500k. It is available for purchase and remortgage applications and has a fee of £999.

 

‘Strong relationship’

Danny Belton, head of lender relationships, at Legal & General Mortgage Club said: “Legal & General Mortgage Club has a very strong relationship with Leeds Building Society and we are excited to work with them to further strengthen our development in these areas of the market, bringing exclusive products to our key partners.”

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